By Convention, Short-Term Financial Control Is Accomplished by All the Following

question 110

Multiple Choice

By convention, short-term financial control is accomplished by all the following except:

• A) Comparing actual to budgeted financial results.
• B) Calculating a series of cost and revenue variances at the end of the period.
• C) The use of flexible budgets and standard costs.
• D) Explaining the total operating-income variance for a given period.
• E) The use of productivity analysis.

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Definitions:

External Candidates

Individuals applying for a position within an organization who are not currently employed by the organization in any capacity.

Internal Candidates

Employees from within the organization considered for new positions or promotions as opposed to hiring externally.

Succession Plans

Strategies developed by an organization to ensure that it has a continuous supply of skilled and prepared personnel to fill key positions as they become vacant.

Lifetime Job Security

The concept of having guaranteed employment for the entire duration of one's working career, which has become increasingly rare.